Crude oil falls amid Russia-Ukraine peace talks, China’s COVID-19 surge

Crude oil futures opened lower in Asian morning trades March 15 amid hopes of progress in Russian-Ukraine peace talks and as surging coronavirus cases in China shook investor confidence. At 11 am Singapore time (0300 GMT), the May ICE Brent futures contract was down $3.81/b (3.56%) from the previous close at $103.09/b, while the April NYMEX light sweet crude contract…